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NewPoint Group` tvvanclgemeni Cunswton Mr. Steven Bocian Page 3 February 23,2012 5. Recycling services 6. Governmental regulatory cost 7. Transfer station use permit compliance 8. Transfer station floor space expansion 9. Ground lease for additional parking 10. Food scrap program. Since 2000, City refuse collection rate changes were as follows: • 2000, 11% • July, 2004, 12.28% • June 2008, 12% • 2009, 13% (residential) to 14.1% (commercial). In 2009, the City implemented a cart-based, single-stream residential recycling program. At that time the City set new refuse collection rates. City residential rates increased$1.09 for the 35-gallon service, from$28.04 to $29.13 per customer, per month. City residential rates for the larger 96-gallon cart size increased $6.53 from $28.04 to $34.57 per customer, per month. These rates remain in effect today. PGS submitted Rate Application(Application) to the City on January 31,2012. PGS is on a March 31 fiscal year end. The Application reflects five (5) years of financial data, including actual fiscal year 2010/11, and projected fiscal years 2011/12,2012/13, 2013/14, and 2014/15 data. PGS also submitted audited financial statements with its Application. B. Project Workplan We will perform the following eight (8) tasks (with tasks 6 and 7 optional): 1. Review Financial Audits and Financial Material Submitted by PGS In this task, we will review Application submitted by PGS. We will determine whether the Application is accurate. We will identify issues, concerns, or opportunities associated with financial information contained in the Application. We will evaluate whether PGS prepared the Application consistent with the terms specified in the Franchise Agreement. We will verify that the financial data, and required forms, are complete and consistent with the Application format and content requirements of the City. We will verify that sufficient documentation, and schedules, are included to support the information provided in the Application. If the City requests us to do so, we will notify PGS whether the Application is "complete" within 30 days of our receipt of the Application using a letter of completeness.